Setting Up A Restaurant On Wheels, What You Should Know
If you’re a foodie and love to serve people
with your flavors, then starting your own restaurant may be the most preferable
career choice for you. However, opening and maintaining your own restaurant may
be a challenging task. Particularly, if you’re struggling with finances.
Thankfully, there’s a much cheaper alternative
that you can look forward to. A food truck is similar to a restaurant in many
ways, but instead, it’s on wheels. In other words, you skip on buying or
renting a restaurant space and still cook and serve your favorite savories to
your customers.
That being said, setting up a restaurant on
wheels has its own fair share of challenges. In this article, you shall find a
step by step solution to opening your food truck and pursue your love for food.
Step 1. Find A Location To Park Your Truck
The very first step is to identify a location
where you can set up your restaurant. It may sound obvious, but you need to
understand that many places don’t allow food trucks. For instance, Sydney &
Melbourne are highly popular among street food lovers. However, the city
authorities have a limit to the number of trucks they allow on the streets. So
ideally, you must identify the key locations where
the permits are easily available. At the same time, you may also need to
identify if the market has the potential for your restaurant business to grow.
Usually, spaces near offices and commercial establishments are great for food
trucks as the workers can get easy food nearby to their work locations.
Step 2. Assess The Available Resources
A crucial factor that must be calculated when
choosing a location is the availability of resources. For your restaurant to be
able to serve the customers at all times, you may need to keep up with the
supplies at all times. It not only means that you must collect and store food
items, but also other supplies that shall include fuel for cooking, spices,
furniture, and other things. Most importantly, you must invest in diesel generators, regardless of
whether you can plug your truck into a grid supply. It is to ensure that your
restaurant, a.k.a your food truck, never operates in dark, and of course, your
customers also get to enjoy their meals in bright lights. The key is to be able
to serve your customers with food while maintaining a certain USP to your
restaurant.
Step 3. Choose A Cheesy Name & A Menu
By now, you have all the basic things in
order. You have a location to park your food truck, all the necessary resources
are available close-by, but still, your customers don’t differentiate your
restaurant from the others on the street. Essentially, you need a name for your
restaurant. And it’s not only for your customers to be able to find you but
also for availing a permit for your restaurant on wheels. Be choosy about
naming your restaurant; it’s going to be the brand your restaurant represents.
Furthermore, you also need a menu, and perhaps a catchy one! Typically, the
name of your restaurant must also be indicative of your menu. And not to
forget, the menu must include food items that your market demands.
Step 4. Discuss Your Finances & Liabilities
Most importantly, you need strong finances to
be able to operate your restaurant business stress-free. Although the
investment is pretty low as compared to a conventional brick and mortar
restaurant, still it is vital to have a plan in place. Consider the costs of
owning a truck, modifying it and fitting in the kitchen, investments on
furniture, and lastly how much would you need for your regular supplies. Once
you have all of these estimates with you, consider whether you wish to use your
savings for the business, or you wish to borrow a loan from the bank.
Notably, if you’re planning for a loan, make sure you also assess your existing
debts and liabilities.
Step 5. Prepare A Secondary Plan For Growth
Uncertain situations are common to every
business, and food trucks are no different. For instance, despite keeping up
with the regular maintenance of your truck, there may arise a sudden breakdown
in the transmission. Of course, you need to get it repaired as soon as
possible. And to cover the expenses, you must have contingency plans in place.
In fact, keeping a secondary backup plan for every situation is vital for the
growth of your food business.
A food truck business, unlike conventional restaurants,
gives you enough freedom to move around and explore new markets. But in the
end, it’s up to you how you wish to grow your business. Nevertheless, the
aforementioned steps apply commonly to all business plans around food trucks
and restaurants on wheels.